Teck Announces Unaudited Results for 2010

All dollar amounts expressed in this news release are in Canadian dollars unless otherwise noted.
Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced adjusted earnings of $1.5 billion, or $2.62 per share for 2010, up 36% from $1.1 billion in 2009. Fourth quarter adjusted earnings increased 76% to $548 million or $0.93 per share compared to $312 million in 2009. EBITDA was $4.3 billion for the year and $1.0 billion in the fourth quarter.
Don Lindsay, President and CEO said, "2010 was a strong year. We are reporting record revenues, record annual operating profits and an increase in both copper and coal production. There is further growth ahead of us as each of Teck Coal, Andacollo, Antamina and Highland Valley Copper increase production. Our balance sheet was significantly strengthened as a result of a further $3.1 billion reduction in our debt and through our refinancing we significantly reduced our interest costs."